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‘Big News’ — Crypto Now Braced For A Huge $27 Trillion Earthquake
The cryptocurrency market has experienced a remarkable surge this year, with bitcoin and other major cryptocurrencies soaring to new heights. Bitcoin, in particular, has doubled in value since its lows in late 2022, surpassing $30,000 per bitcoin and propelling other top ten coins such as BNB, XRP, cardano, dogecoin, and solana. This upward trend has led to a significant increase of $300 billion in the combined market capitalization. However, the latest development that has sent shockwaves through the crypto industry is the entrance of BlackRock, the world’s largest asset manager, into the market. With approximately $10 trillion in assets under management, BlackRock has initiated a surge of U.S. spot bitcoin exchange-traded fund (ETF) applications. These applications collectively represent a staggering $27 trillion in assets under management.
The Crypto Market’s Remarkable Performance
The year 2023 has been a turning point for the cryptocurrency market, witnessing substantial growth across the board. Bitcoin, the pioneering digital currency, has experienced an impressive price rally, soaring from its lows in late 2022 to exceed $30,000 per bitcoin. This surge has had a profound impact on the wider cryptocurrency ecosystem, causing other major coins such as BNB, XRP, cardano…
